డైరెక్టర్ల నివేదిక Moh Ltd.

Mar 31, 2009

The Directors present herewith the Sixteenth Annual Report and the Audited Account of the Company for the period ended 3 lst March, 2009.

1. FINANCIAL RESULTS

The Company has not carried on any business during the year.

2. DIVIDEND

On account of loss, your Directors did not recommend any dividend.

3. DIRECTORS

Mr. Varun Dave, who retires by rotation and he is eligible for reappointment.

4. AUDITORS

M/s. Madhusudan C. Mashruwala & Co., Chartered Accountant, Ahmedabad, Auditors of the Company retire an conclusion of ensuing Annual General Meeting and being eligible, offers themselves for appointment.

5. PERSONNEL

Company do not have any employee drawing remuneration in excess of Rs.2,00,000/- p.m. So Section 217( 1 )(e) need not be attracted.

6. DEPOSIT

During the year under review Company has not accepted any Public Deposit.

7. ENERGY, TECHNOLOGY, FOREIGN EXCHANGE

Details relating to energy, technology absorption is not annexed as there was no operation. Details relating to foreign exchange earning and outgo is not annexed as there was no operation.

8. DIRECTORS RESPONSIBILITY STATEMENT

The Directors confirm that

(a) In preparing of the Annual Accounts, the applicable accounting standards have been followed along with proper explanation related to material departures.

(b) The Director have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affaires of the Company as at the end of March 31, 2009 and the profit for the year ended on that date.

(c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

(d) The Directors have prepared the Annual Accounts on the going concern basis.

9. CORPORATE GOVERNANCE.

A report on Corporate Governance is annexed to this report and is a part of Annual Report.

10. SUBSIDIARY COMPANY/ CONSOLIDATED ACCOUNTS

As required under Section 212 of the Companies Act 1956, the Audited statements of accounts along with the report of the Board of Directors and the Auditors Report thereon of the Subsidiary Company, Saturn Technologies Ltd. for the Financial Year ended 3lst March, 2009 are enclosed. As required by the Accounting Standard 21, consolidated Financial Statements are also annexed herewith.

11. MANAGEMENT DISCUSSION AND ANALYSIS

A report on the Management Discussion and Analysis for the financial year under review is annexed and forms part of this report.

12. ACKNOWLEDGEMENT

The Board of Directors Thankfully Acknowledge the co-operation and confidence of the shareholders, customers, banker and other Govt. Agencies. The Board of Directors wishes to place on record their appreciation and gratitude for the services rendered by the workers, staff and executives of the Company.



For and on behalf of the Board

Place: Ahmedabad

Date : 13th July 2009. Chairman